BitDigest March 11 · Issue #612
- Bitcoin in new trading range showing support at $7,730 but unable to break above $8,000
- Japanese regulator creating blockchain network to promote multi-party dialogue
- Privacy coins may be behind BNP Paribas’s decision to block transactions with Coinbase
The Headlines
Japanese Financial Watchdog Introduces Global Platform to Promote Blockchain Technology
BNP Paribas Blocks Crypto Transactions with Coinbase
Eastern Caribbean Stock Exchange to Test Tokenized Offerings
Crypto Debit Card Finally Available on Mastercard Platform
FastCompany Highlights Rippleworks Efforts
Market Data
Daily Bitcoin Volume Hits ≈ $200 Million
Exchange, Custody and Product News
Brave Tokens Can be Used for Real World Rewards
Blockchain.com Starts Retail Lending Program
Cirlce Offers Business and Developers USDC Support
Huobi Launches Trading App
BitFlyer to Charge for Crypto Trading
Thoughts on the Ecosystem
Can Bitcoin Still be Uncorrelated During a Market Selloff?
'Safe-haven-ness is a Matter of Perception'
Reports you may have missed
The crypto market is pulling back from its recent surge, with $BTC falling below $65,000, $ETH trading under $3,200, and $SOL fighting to stay above $150. As expected, altcoins are also generally declining, although a few notable performers are scattered across the market. Currently, $BONK and $WIF, two prominent memecoins on Solana, are showing resilience, up 12% and 6%, respectively. Additionally, $HBAR initially doubled in price following reports that Blackrock...
Blockchain Association Sues the SEC, Cosmos Patches Potential Reentrancy Vulnerability
U.S. Treasury rates and the DXY (-0.46%) are sliding today following weaker-than-expected S&P Flash PMI data, helping catalyze a 1% rally in equity indices. Manufacturing PMI came in at 49.9 vs. 52.0 expected, and Services PMI read 50.9 vs. 52.0 expected. Bitcoin miners have benefited as rates retreat and transaction revenue remains elevated, with $RIOT, CLSK, and $MARA showing weekly gains of 26%, 16%, and 14%, respectively. Crypto assets are mixed with BTC-3.93% ...
After significantly outperforming equities leading up to its halving event on Friday, BTC-3.93% continued its upward trend over the weekend, now trading just below $66k. ETH-4.58% has generally followed suit, although continuing to lag behind BTC, with its current price around $3200. SOL-8.22% , meanwhile, has continued its strong rebound from the recent price slide, reaching $156 yesterday, currently trading slightly below that level. The crypto market is broadly performing well...
Happy Halving Day to all. It has been another volatile 24 hours for crypto markets, with war-related headlines sending risk assets lower overnight. BTC-3.93% briefly dipped below the $60k mark but has since recouped all its losses and is now trading above $64k. ETH-4.58% followed BTC's initial drop, trading below $2900 last night, but it has now rebounded to above $3000. SOL-8.22% has shown remarkable resilience amid the turmoil, now...